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Corporate treasury strategy stories

Sep 18, 2026

Evernorth secures $30M convertible note from NH Investment & Securities for XRP treasury expansion

Evernorth Holdings Inc., a digital asset treasury company preparing to list on Nasdaq under ticker XRPN, has disclosed a $30 million convertible note purchase agreement with South Korea's NH Investment & Securities. The financing is tied to Evernorth's merger with Armada and will support expansion of its XRP treasury operations.

Sep 18, 2026·2 sources
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Sep 8, 2026

Strive acquires $109 million in bitcoin as corporate treasury trend accelerates

Strive purchased 1,375 BTC for approximately $109 million between Aug. 31 and Sept. 4, bringing its total holdings to 24,531 bitcoin. Separately, Blockstream CEO Adam Back invested $33 million in European bitcoin treasury firm Capital B, highlighting growing institutional adoption of bitcoin treasury strategies.

Sep 8, 2026·3 sources
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Sep 7, 2026

Capital B purchases $29 million in bitcoin, its largest acquisition in a year

Capital B acquired 376 bitcoin for €25.3 million (approximately $29 million), marking its largest BTC purchase in a year. The acquisition brings the company's total bitcoin holdings to 3,521 BTC.

Sep 7, 2026·2 sources
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Sep 2, 2026

Japan's Remixpoint sells entire altcoin portfolio to adopt bitcoin-only strategy

Japanese publicly-listed company Remixpoint sold all of its Ethereum, Solana, XRP, and Dogecoin holdings on September 1 for ¥878.8 million ($4.47 million), realizing a ¥117.8 million profit as it shifts to a bitcoin-only cryptocurrency treasury strategy.

Sep 2, 2026·4 sources
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Jul 27, 2026

Bitmine Immersion Technologies Acquires Nearly 10,000 ETH, Bringing Holdings to 4.8% of Ethereum Supply

Bitmine Immersion Technologies purchased 9,946 ETH last week, increasing its total Ethereum holdings to 5.787 million ETH valued at approximately $11.2-11.8 billion, representing 4.8% of Ethereum's circulating supply. The company's stock (NYSE: BMNR) surged 5-13% following the announcement, which also included share repurchases of 6.1 million shares.

Jul 27, 2026·8 sources
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Jul 20, 2026

Bitmine Immersion Technologies Sharply Reduces Ethereum Purchases to 7,430 ETH, Redirects $86 Million to Stock Buyback

Bitmine Immersion Technologies added 7,430 ETH during the week ending July 19, 2026, worth approximately $14 million at the then-current market price—one of its smallest weekly additions since launching its Ethereum treasury strategy in June 2025. Chairman Tom Lee said the reduced purchasing pace reflected the company’s repurchase of approximately 5.5 million common shares for nearly $86 million under its $4 billion buyback program. The purchase brought Bitmine’s total Ethereum holdings to 5,777,468 ETH.

Jul 20, 2026·8 sources
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Strategy Raises $263.5 Million Through Stock Sale, Makes No Bitcoin Purchases for Second Consecutive Week

Strategy, formerly known as MicroStrategy, raised $263.5 million in net proceeds by selling 2,732,318 Class A common shares between July 13 and July 19, 2026. Its U.S. dollar reserve increased by $225 million to $3.225 billion, while its Bitcoin holdings remained unchanged at 843,775 BTC for a second consecutive week.

Jul 20, 2026·9 sources
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Top claims

  • ▪XRP is a suitable primary treasury asset for publicly traded corporations
  • ▪The issuance and funding of Evernorth Holdings Inc.'s $30 million convertible notes are strictly conditioned on the closing of Evernorth Holdings Inc.'s pending merger with Armada Acquisition Corp. II
  • ▪Evernorth Holdings Inc.'s $30 million convertible senior notes carry an initial conversion price of approximately $10.20 per share, equivalent to an initial conversion rate of 98.03921 Class A shares per $1,000 principal

People involved

Adam Back

Subtopics

Institutional crypto adoption7Bitcoin4Bitcoin adoption3Crypto markets2Ethereum2Strategic Bitcoin reserves2Altcoins1Bitcoin vs. other cryptocurrencies1Crypto1Cryptocurrencies1Ethereum tokenomics1Stock buybacks1

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